St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-09
On the Chicago Board Of Trade Re-
action Followed the Bears Re-
. cent Antics.
a Better Demand for Small Grains Put
Prices Up a Moderate
Degree.
Transactions In the Financial Circles
of Wall Street.-The General
Quotations.
Special TO the Globe.

of the signal service chart this morning. Inc
showing may be summarized in the phrase
fair and COOL There were some clouds
west of the Missouri valley, but it was cool
i'll the lake region and Immediately west
thereof In the eastern area it was warmer.
Considered as whole the weather clerks
recital was a careless one. The receipts of
winter wheat were % cars and of spring Is
cars. OF corn, 437 ears came in, and of
oats, Ill cars. October wheat opened at
7Ols@7OAc; October corn, 41Ia@41 5sc; oc-
tober oats, 2oIsc; October short ribs, $3.50;
lard, S6.52l2; January pork, SI2.To. Be
fore 10 o'clock wheat, corn, oats and RIBS
had scored a small advance. There was gen.
uiue strength and healthy action i'll ribs. The
stocks are light and holdings are generally
believed TO be strong. while the demand
promises 10 sustain the market for some time.
In wheat, however, the dizziness is growing
more pronounced. The feeling was fairly
characterized to-day by a trader of conserva-
tive autecedent in these words: "All the
outside markets are weak. This trading
center is dull, and grain refuses TO bull.
Yesterdays experience partially demon
strated that fact. The supply is ample-eX
ports show that.
THE FOREIGN DEMAND
has dropped off. this feature being logical
result and effect of the California wheat
which has come onto the market. Ordi-
narily," continued the speaker, "a decreasing
visible supply at this time Of the year would
probably bull the market but this year the
wet weather in the Northwest has
stopped harvesting operations, and the
crowd know that when it gets
dry enough for the threshers
to go to work the wheat will come in. There
is another element of weakness in the grow
ing TO hold wheat in country elevators and so
avoid the excessive carrying charges. For
five years past these carrying charges have
been decided incubus OH the trades. They
are, in my opinion, wearing out the bulls of
the country. Go not say that anything di-
rect will be done TO afford relief but indi
rectly the growing inclination to keep wheat
in country elevators is going to bring city
elevator men to terms. Wheat can be car
ried in the country elevators at three fourths
of cent per bushel per month" Corn
RECEIVED A TONIC
in a prescription via Liverpool. The intelli
gence from the big city of the Mersey was
that American corn was so we'll thought of
there that it should be worth more money in
this market. The crowd utilized this con-
victiou, and for a few minutes, some Octo-
Der corn was sold fraction above 42c. Ad
vices from the corn-growing districts were
also of character calculated to sustain the
price. The tonic proved effective for about
half an hour. Then the grain went off to
417Sc, and wheat was shaded to 70ssc. The
vantage during the first ten mi nutes Of trad
ing in the corn pit at the afternoon session
moving up TO 42sse and holding there strong.
Closing, 2:3O p. m.-Wheat, September,
6SIs@69c: October, 70l2c; December, 1889;
May, I9as6a9l2e; Corn, September and
247sc September. 25ss october, 3OAc May
Pork. S123 80 year. $12.S2I2 June. Lard,
S6.55 september, S6.57l2 October and De-
cember. Short ribs, $500 September and
October.
THE ROUTINE REPORT.
CHICAGO, Sept. 9.-The bear crowd evil
IDENTITY went beyond bounds yesterday and
the natural reaction occurred Today. There
was nothing special to help the bulls and no
outside influences at work beyond moderate
purchases. The opening was at about yester-
days closing figures, but influenced by a bet
ter demand, partially in sympathy with the
strength developed in corn, prices about ssc
and closed about A@ssc higher than yester-
day. Trading all through the session was in
small way, but aggregated considerable. Oc
tober opened at 701s@Ac, advanced to 7OI2c,
reacted to T014c, and closed ut T0I2c,
Corn showed little more life for to-day and
fluctuations were more frequent than the
past few days The feeling generally was
quite firm, the near futures IN particular ex-
hibiting more strength. Tradii g was largely
local, shorts buying quite freely, especially
for October delivery. Cables were stronger.
The principal feature was the receipts,
which were nearly 100 cars less than ex-
pected, and the estimates for to morrow show
considerable decrease, and this tended to
create strong feeling. Besides this there
were rumors that the government report to
be issued the 10th would make a poorer
showing than last month. October opened
better than the close at 41I2@415sc sold I'D
to 42c, reacted slightly and then sold up to
42isc May started at 45c and touched 45I2c
Def ore noon. The closing prices were 1880
for October and 45sS@l45s4c for May
Oats were frmer for cash and near futures
September delivery was in better request and
cries were steady, but did not fiuctuate out
side of yesterdays range. October opened
at 25@251sc and gained 4c, closing at 25ssc
Provisions took another upward turn to-day
speculative articles. Trading was more ac-
tive early, but chiefly in short ribs which
were bought with increased freedom by local
and outside shorts and prices advanced 7l2@
Toe, and the market closed firm. October
sold at SIS. S0@S.90 and closed at the top
Lard WINS taken quite freely by exporters
and prices on cash and the near futures adj
yaneed 2l2e, but January remasned steady:
S6.62l206.65. Pork advanced soc for year.
with only two or three trades, and closed at
$3.50. January advanced 15c and closed at
S12.S2G2.
The leading futures ranged as follows:
Wheat, NO. 2, September, 6S75c, closing at
6s7sc; October, 7Olsc, closing at 7Ol2c; No.
1850, closing at 1850. Corn, No 2 Septem-
Der, 41l5c closing at 42ssc; October. 41l2c.
closing at 42ssc; November, 41s4c, closing
at 1850; May, 45e, closing at 45ssc. Oats,
tober, 25c, closing at 25ssc; November,
25s4c, closing at 26s4c; May. soc, closing
at 3oAc. Mess pork, per Dbl, year SIPS;
at e0sng Ct e 5aepary zoo s rs s closing
s6.5lH9, closing at S657l2; November,
s6-55. closing at S6.57ls; January,
Fer 100 lbs, september, S. 62ls, closing at
$500; January, $780, closing at $3.50.
Cash quotations were. as follows: Flour
and patents. with offerings rather limited;
st Ne !0M spring. M sses sseer s So
spring, 66c; No 2 red, 6el2e: CornoNo; 2,
Prime timothy seed, s.. $500. SO. Pork
Mess rbbl, SIS. 25@l5;50. Lard, per 100
lbs, $685.. Short ribs, sides Qoose); So; 500
@5.35: short clear sides (boxed), $3.50
$40. Whisky-Distillers' finished goods, per
gal S1.10. Sugar-Cut loaf. Csc; graduated.
6l2@6asc standard A, 6l2c. Receipts-Flour,
$4,000 bbls: wheat. 1000 bu; corn, 259,OO0
bu: oats, 1853. 900 bu; rye, 5000 bu; barley,
$4,000 Blu. Shipments-Flour, $4,000 bbls;
wheat, $1,000 Blu; corn, 216, 900 Blu; oats,
5000 bu: rye. 1000 bu; barley, 2I,OO0
Blu. On the produce exchange to-day, the
butter market was unchanged at 16A@23c
for creamery. and 15@l19c for dairy Eggs
Rre firm at 13A@I4I2c for fresh laid.
r. M. NEWPORT G. SON,
Investment Bankers.